This indicator is a modified version of a stochastic RSI oscillator. I want to share this because it is really good for analysis of divergence between price action and the oscillator. You can also use it to trade overbought and oversold conditions. To find out more what a divergences is when we talk about trading. Take a look at this: medium.com
Signal of Overbought and Oversold based on 4x interval of RSI and Momentum. You can change interval and source
This Relative Strength Index with Bollinger band is to determine strength of momentum of certain price.
This is an optimized version of a popular RSI Divergence Detector with a bar color scheme based on the RSI's direction RSI Divergence is a potent tool in identifying shifts in market momentum or trend reversals. A RSI momentum divergence occurs when there's a disagreement between the direction of the price and the RSI . For example, in an uptrend, a divergence...
OANDA:USDJPY This strategy is based on Larry Connors' 2-period RSI strategy. I applied this for scalping(5Minutes) in the forex market based on his strategy. Best use for YEN Crosses (High liquidity) trading such as USD/JPY and EUR/JPY. Notes: 1. This strategy doesn't work well if volatility is low. 2. Don't go against Long-term trends. This strategy has...
The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J....
Since there has been some demand for the QQE (Qualitative Quantitative Estimation ) figured I should upload my modified version of it as well. The Orginal script is from Glaz, this is not my original idea - all I did was pretty much smash two QQEs together. So there are Two QQEs in one script, right? One that is shown on the chart as columns, and the other...
Trend Scalper (Expo) DESCRIPTION Trend Scalper (Expo) is a Scalping strategy based on RSI, Stochastic and moving averages techniques. The idea is to visualize scalping opportunities in trends. The trend is determined by the color of the moving average called ‘TrendHolder’ The ‘Trendholer’ consists of 3 colors, green, red and orange. Green is a positive...
Marsie is an EMA-RSI indicator and part of the 'keeping it simple' series that have a similar color scheme. The RSI 'Relative Strength Index' is a momentum oscillator, measuring the velocity and magnitude of directional price movements. it is measured from 0 - 100 with 30 and 70 being low "oversold" and high "overbought" conditions. It is also commonly used to...
Borjas Tarh Trender This indicator has a Light ( Low TF ) and a Heavy ( High TF ) lines which are based on RSI Calculations. Best used for Trending Moves . Light > 80 => Purple Color Light < 20 => Aqua Color The Heavy can be Support or Resistance for the Light. Also, you could spot Divergences on both of them. Besides, the EMA can be used...
This was a follower suggested script. This script shows an example of how to create a custom alert message using the alertcondition() function in pine. Features: - Well documented code with links to documentation for specific functions. - Two alertconditions in a different order than the plots they reference to show the importance of plot IDs. In order to...
DESCRIPTION: This script has been designed to show the double high/low candle patterns and the Engulfing candles patterns. • This scripts is based on RSI length. • It displays a label when a Double High or Double Low candle pattern is detected. • It displays a label when a Bullish Engulfing or Bearish Engulfing candle pattern is detected. • It is also...
DESCRIPTION: This script has been designed to do some swing trading on 4 hour and daily candles. After some adjustments it also gives a good result on the lower timeframes 5m, 15m and 1h. • This scripts is based on RSI, Stoch RSI and some other indicator(s). • It provides BUY, SELL, STRONG BUY and STRONG SELL labels when loading the script. • It is also...
This indicator highlights RSI divergences. R green label: Regular Bullish Divergence. H green label: Hidden Bullish Divergence. R red label: Regular Bearish Divergence. H red label: Hidden Bearish Divergence. You can choose the range where the Divergences should be looked for. Bars Back Min should not be too low to avoid too many false...
Following Willy Woo study of Altcoin Cap vs Bitcoin Cap RSI charts.woobull.com
This script shows a sample of how to do confidence weighted scoring indicators and for loops with Pine. This indicator may or may not be found useful, it's intent is to provide a sample on how to create such an indicator and use certain Pine features. Features: - Defined points based on the confidence of RSI and Stochastic indicator - Defined points based on...
This script can be used with candlesticks, accompanied with " RSI + Divergences" The calculation is different than my "Divergences (Pivots)" Thank you!